Downgrades: NRG Energy, American Eagle Wednesday, November 25, 2:12 PM ET
This morning, Goldman Sachs and UBS revised their ratings on shares of NRG Energy (NYSE:NRG). Goldman reduced EPS estimates through 2012 as the company is less likely to repurchase as many shares. The firm maintains its Buy rating and has a price target of $34 per share. However, UBS downgrade the stock from Buy to Neutral as concern over natural gas prices will weigh on earnings. Analysts at UBS set a price target of $26 per share to reflect this concern.
In morning trading, shares of NRG Energy were trading lower, off almost one and a half percent so far today.
And American Eagle (NYSE:AEO) saw its EPS estimates lowered through 2011 at UBS as the firm expects to see higher operating costs eating into margins. The firm maintains its Neutral rating on the stock and its $17 price target.
Shares of American Eagle were trading higher despite the negative report, up almost two percent this morning.
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